The country is also extending preferential tariffs on certain US products Canada will extend tariff rate quotas (TRQs) and preferential tariffs on imports of certain types of steel and aluminium from the US for a further year. This was announced by the country’s Finance Minister, François-Philippe Champagne, according to a government statement. He cited the need to protect workers in the sector from global excess production capacity and to provide long-term certainty for producers and importers. The extension of these measures, which is subject to government approval, will remain in force until 27 June and 30 June 2027 respectively. Current quota levels will continue to be based on 20% of 2024 volumes for partners without a free trade agreement with Canada, and 75% for those with such an agreement. Imports exceeding the quota limits will continue t...

The industry association believes that the parties should discuss the possibility of duty-free quotas Since the US raised steel tariffs to 50%, exports of steel products from the EU to the US have fallen by a third. This is according to a report by the European Steel Association (EUROFER). In the three quarters since these tariffs were introduced (4 June 2025), this figure has fallen by 34% year-on-year – to 1.94 million tonnes. At the same time, the further extension of tariffs to derivative products continues to have a significant impact on European steel producers and wider value chains. As noted by the industry association, last week EU governments approved legislation to implement the trade agreement between the parties. It includes safeguard provisions allowing the European Commission to suspend certain parts of the agreement if the Uni...

The total investment amounts to $3.97 billion Japanese steelmaker Nippon Steel has begun transitioning from blast furnace production to electric arc furnace (EAF) production at its Kyushu Works facility, marking a significant step in its decarbonization strategy. This was reported by Japan Metal Daily. The new EAF will have a capacity of approximately 2 million tons per year and is expected to begin production in the first half of the 2028/2029 fiscal year. The company is positioning this project as the world’s first integrated system for the mass production of high-quality steel using a large-scale electric arc furnace. It also includes secondary refining and continuous casting facilities. The total investment amounts to 630.2 billion yen ($3.97 billion), with the upper limit of government support set at 179.9 billion yen. The company also plans...